the game today is hold it in place until 2pm-3pm or so...then they'll back off and wont care if it lifts 10-30cts because all the heavy lifting will be done...successful bear raid from 15 to 11...now plenty of longs who are holding stock in the 13-14 range that gives them overhang to cover into...wash rinse repeat
and if I was short 162million shares...I'd certainly spend a few million buying credit default swaps and some out of $$$ puts to increase fear....that's the game...been going on for years
from really interesting Buisness Insider article on swaps being used for manipulation by equity shorts...
"There’s even a naked-short seller theory angle. The story goes like this: shorts snap up credit default swaps, pushing up prices, making creditors nervous and credit more expensive. Stock investors notice the credit markets look nervous so they start to sell off. Shake, rattle, roll, and profits flow into the pockets of shorts."
...rolling buy ins continue
give it a day or two...shorts will continue their games....but my guess it will trade much different right away...and volm will fall significantly
...and they'll let it lift 10-20cts but will have been successful in their bear raid
I'm pretty sure I know of a few funds that will trim their positions above 60...only trim though
...i'll say it again....this stock is so tightly held it will have to get to a spot where 1million shares trades in a day in order to fade the stock...and what px would that take???...my guess 60-70$....
DMRC has ALL the makings of a cult stock....low float, big entrenched short, huge eps leverage, limited to no competition, tightly held float, very easy concept for any investor to understand....just go to walmart and wait in line to check out...and very easy for analysts to come up with some crazy projections...ie...t"if they were to get the top 15 retailers etc then they would do X in eps" ....now that the dominoes are falling...each new retailer that gets on board the stock screams..
put it all together...potential cult stock in the making
my position is full right under 5$....if it doesn't work in 18 month to 2 years...then i'll sell...til then its a waiting game...I know my downside...you dont
I haven't gone anywhere....theres just nothing more to talk about...im long your short...you have your valuation of the company and I have mine.....last I checked the stock isn't 3 nor bk like you've said multiple times that it would be....
what are you talking about?...they swept the 11$ stop losses...then scooped it up...shorts squeezing the lemon....qtr end tmmrw ...then we'll see a different stock imo
expecting more of the same stuff tmmrw
...Greece bailing out shrts for time being....nat gas solid....shrts clinging to their mark down for qtr end...they've come this far they have no choice but to stay and fight....13$ wont surprise me later this week
Sentiment: Strong Buy
Great thread...more and more this looks like one big bear raid...shame of this is the SEC just sits by and watchs as this stuff goes on thanks to Bernie Madoff getting rid of the uptick rule in 2006...cant see shorts stopping before qtr end
ssssssh....shorts don't want anyone to know about that.....or the partnerships with HP and QCOM